I'm not too surprised to see a big dump like that.
At some point as the share price drifts down with no news from the company (other than an immediately reversed notice of funding), there will be big holders who decide that they simply want out at whatever price they can get. Yes, there are rumors and reports of "a little birdie told me", but nothing concrete and very little of substance from the company itself. Other than the installation of the flotation device and more of the usual "we're working on it", we have heard little in over three months. And more specifically, we have heard nothing about drilling, production, shipments, or revenue. How long ago was it that we were told that monthly shipments were taking place? It's not just the lack of updates, but the lack of confirmation of things we were told would happen- and in the past that has usually meant that they didn't happen. One of the major factors, if not the primary one, in the dismal share price has been the company's lack of credibility. It says something about the company (not good) that this board is the primary source of information for most of us, and even that information is rumors, photos taken by shareholders, conversations with locals, and other gleanings from the grapevine.
We need a substantive update from the company.
